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Balling, Morten (ed.); Bernet, Beat (ed.); Gnan, Ernest (ed.) - Conference on "Financing SMEs in Europe" <2008, Paris>; … - 2009

Small and medium-sized enterprises are a centrepiece of Europe's economy. Due to their limited size and their generally lower creditworthiness, their access to financial market instruments is more limited than for large enterprises, which benefit from more elaborate Treasury operations,...

Persistent link: https://www.econbiz.de/10011705468

Currency Union with and without Banking Union.

Bignon, V.; Breton, R.; Rojas Breu, M. - Banque de France - 2013

This paper analyzes a two-country model of currency, banks and endogenous default to study whether impediments to … under a regime of currency union. But a banking union that would suppress hurdles to banking integration restores the … optimality of that currency arrangement. The empirical and policy implications in terms of banking union are discussed. …

Persistent link: https://www.econbiz.de/10010816016

Households Debt Restructuring: Evidence from the French Experience.

Fraisse, H.; Frouté, P. - Banque de France - 2012

decision on the creditors’ recovery rate, the household’s re-default rate and the net benefit of the treatment, defined as the …

Persistent link: https://www.econbiz.de/10010592257

Monetary Union with A Single Currency and Imperfect Credit Market Integration.

Bignon, V.; Breton, R.; Breu, M. Rojas - Banque de France - 2015

With the Euro Area context in mind, we show that currency arrangements impact on credit available through default … show that for high enough levels of this cost, currency integration may magnify default incentives, leading to more …

Persistent link: https://www.econbiz.de/10011199814

Do LTV and DSTI caps make banks more resilient?

Dietsch, M.; Welter-Nicol, C. - Banque de France - 2014

This study provides responses to the question of the effectiveness of Loan-To-Value (LTV) and Debt Service-To-Income (DSTI) caps to contribute to financial stability. Using a lender’s risk management perspective, the paper provides a new methodology extending the standard asymptotic single...

Persistent link: https://www.econbiz.de/10010929761

Stress-testing banks’ corporate credit portfolio

Bandt, O. de; Dumontaux, N.; Martin, V.; Médée, D. - Banque de France - 2013

The paper describes the methods used by the French Banking Supervision Authority (ACP) to run stress tests for the …, providing hints on how it can be extended to other banking sectors. Finally the paper comments a few outputs of a stress testing …

Persistent link: https://www.econbiz.de/10010929765

Stress-testing banks’ corporate credit portfolio

Bandt, O. de; Dumontaux, N.; Martin, V.; Médée, D. - Banque de France - 2013

Persistent link: https://www.econbiz.de/10010929766

Default, liquidity and crises: an econometric framework

Monfort, A.; Renne, J-P. - Banque de France - 2011

In this paper, we present a general discrete-time affine framework aimed at jointly modeling yield curves associated with different debtors. The underlying fixed-income securities may differ in terms of credit quality and/or in terms of liquidity. The risk factors follow conditionally Gaussian...

Persistent link: https://www.econbiz.de/10009275672

Credit and Liquidity in Interbank Rates: a Quadratic Approach.

Dubecq, S.; Monfort, A.; Renne, J-P.; Roussellet, G. - Banque de France - 2013

credit and liquidity risks resulting in compensations for (a) facing default risk of debtors, and (b) possible unexpected …

Persistent link: https://www.econbiz.de/10010815975

Pre-crisis credit standards: monetary policy or the savings glut?

Penalver, A. - Banque de France - 2014

This paper presents a theoretical model of how banks set their credit standards. It examines how a monopoly bank sets its monitoring intensity in order to manage credit risk when it makes long duration loans to borrowers who have private knowledge of their project's stochastic profitability. In...

Persistent link: https://www.econbiz.de/10010961061